ICG Enterprise unveils £25m 'opportunistic' share buyback programme

2025 financial year

clock • 2 min read

ICG Enterprise (ICGT) is set to implement an "opportunistic" buyback programme for up to £25m, as part of the private equity trust's shareholder distributions for the 2025 financial year.

In a stock exchange notice today (8 May), the £1.3bn trust said the scheme will run alongside its progressive dividend policy and long-term share buyback programme, which saw £13m worth of shares bought back in the year ended January 2024. According to chair Jane Tufnell, the latest share buyback programme will enable the trust to "take advantage of current trading levels where the opportunity to purchase shares in meaningful size and at a significant discount presents itself". London Stock Exchange Group eyes £1bn buybacks in 2024 "In announcing this programme the board is seeking...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment Trusts

Trustpilot